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curious, did you watched it all night? and how do you manage to watch things overnight without getting bored out of your skull?
I cant get around entering trades on US Indexes after hours, I am just afraid lack of liquidity will go against me if someone sweeps the order book given I cant put stops on spreads ... so I have to watch the spreads through out the day...
last night was a good night to trade just as you state... I wanted to put on a spread on the YM/ES pair, but I just could not bring myself around it... instead I placed it this morning and I ended up only making $100 for the day vs. $1200 ...
$100 is a lot better than what a lot of traders made...but I understand your point.
No,I did not watch it all night...my son (19 and one of the rare times his was home!!! ) monitored the trade...he knows what to do if there was a change...
I also have an alert system the whole house will hear if necessary...another reason for automation as it is getting 'old'.
While up last night after 2 am , I did a lot of work so was not bored ...when second trade completed ..hit the sack. If there was another trade...would not have mattered.
Progressing with automating...need a couple of weeks to walk forward and de bug, if necessary.
thanks for the feedback.. it has given me a few ideas for setting price alerts.. I am also looking at CQG spreader, from what I read on their User Guide they do have stops and they are server side.. and there are some cool features on CQGIC that after reading I am finding of use...
glad to know that Multicharts is coming along nicely for you...
Have started a new series...S 9175
L 9250...this is the first of the 2 sets...the other set will not trigger until sometime later at a lower level;if at all.
I hear ya, I didnt have a single trade on the futures side, ended up switching to trading options on AAPL so that I would not have wasted the day trading and close with some profit today at least... ES/YM just went nowhere today for me, there were a few opportunities when ES kept going against 92-93 and finding resistance, but that was just about it.. very sideways today for me...
when you see the day like this where it is clearly sideways, do you stop the series or just keep on until you get your profits eventually? curious...
No, once committed I will stay with the trade (series)...in this case I was in two minds whether to commit as the price pattern looked absolutely ugly.
I committed ,because I did not know that it would remain that way (who does) and it had been in excess of 12 hours, so I thought there would be a reasonable chance it will break out.
Ok..have closed out both trades at 8475...yielded a small profit before comms.
Missed first trade from a +10 by 2 ticks!!
Reason i closed out is that I am going to be carry unnecessary exposure at series 3 whereas I can achieve virtually the same result by reverting back to series 1...
This trade has gone on longer than 24 hours and no outright result...so I am taking a hit on comms for a total of 29 contracts against profit of 1.25 points..